Kathmandu. Himalayan Bank's long-suspended securities trading has been canceled. The share price of the bank, which has been suspended for more than a year, has turned negative on the first day. According to Nepse, the bank's share price fell by 9.99 percent to Rs. The stock traded at Rs 358.90.

After the merger process with Nepal Investment Bank started, the trading of shares of both the banks was stopped from 31st Baishakh 2078 BS. NRB had directed to open share trading by de-merging after the merger between the two banks broke down. After the directive of the National Bank, the share trading of Investment Bank was canceled from June 3, while the trading of Himalayan has been suspended only from today.

According to the Nepal Stock Exchange Limited (NEPSE), the trading of securities of the shareholders other than the basic shareholders has been canceled as per sub-section (1) of section 50 of the Companies Act 2063 of that company, said Kul Chandra Rijal, senior officer of the listing branch.